Amortization of preliminary expenses has been restricted to ___ of the cost of project.

Related MCQs

• Preliminary expenses that can be amortized under the Income-tax Act 1961 has to be restricted to ______________ of the cost of the Project.
• Preliminary expenses are incurred in every business. What are the expenses that qualify for deduction u/s.35D?
• Deduction u/s 80CCC allowed to an individual for amount paid by him in an annuity plan of LIC is restricted to
• A winning from lotteries is Rs. 50,000 and expenses incurred to earn such income is Rs. 5,000. Its taxable income is
• Stake money on owning and maintaining race horses is Rs. 70,000 and expenses incurred is Rs. 20,000. Its taxable income is:
• Where assessment has not been completed, belated income tax return for assessment year 2018-19 can be filed upto
• When assessment has not been completed, revised return can be filed within ______ from the end of the relevant previous year.
• Where assessment has not been completed, belated income tax return for the A.Y. 2018- 19 can be filed up to:
• In the case of a domestic company (turnover/gross receipts Rs. 70 crores), the basic rate of income-tax applicable for computing as per normal provisions would be ________, when the turnover of the company has been Rs. 45 crores in the previous year relevant to the assessment year 2017-18. (Note: Ignore surcharge, education cess, etc.)
• Tax payable by a resident individual, if he has long term capital gain of Rs. 2,60,000 but has no other income is: